Property Information
Address:
15-23 Hotel Street, Leicester
, LE1 5AW
Price: Buy: POA
Size: 42235 sq ft3924 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH683582
Property Ref/Agent: 8384
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: May 20, 2024
Property description
The property is an attractive 5 storey period building of traditional brick and stone construction with a modern rear extention added in the 1960s beneath a part pitched slate and part flat roof.
The building comprises of five ground floor retail units and 39 apartments providing 90 beds (14 studios, 8 x 2 bed cluster apartments, 7 x 3 bed cluster apartments, 10 x 4 bed cluster apartments) above. The uppers floors were converted into high quality student accommodation in 2017.
Internally, the spacious rooms are finished to a high standard being appointed with a double bed, desk and built in wardrobe, kitchen or kitchenette with oven, electric hob, dishwasher, fridge freezer and washing machine/dryer with karndean or Amtico flooring throughout.
All beds are ensuite fitted with a shower, WC, wash basin and heated towel rail.
On site facilities include:-
- Electric heating throughout with individual thermostatic controlled panel radiators
- Recessed Lighting throughout with intelligent motion sensor lighting in common areas
- All rooms ensuite
- Sprinklers to common parts with smoke detectors in common areas and rooms
- Two Schindler passenger lifts
- Intercom to front door
- WIFI
- Bike Store
- CCTV
Total 42,235 sq ft
Site extends to approx 0.275 acres
Freehold price offers in excess of £6,300,000. A purchase at this level reflects an attractive gross initial yield of 10.89%, net initial yield of 8.02%.
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